8/8/2019 IITL Nimbus Hyde Park Research Report

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IPR R ATINGS LocationFacilitiesValue for MoneyTrack RecordOverall Rating

L OCATION Sector 78, Noida

A MENITIES Swimming pool Gymnasium Medical centre Playground

B ASIC S ELLING P RICE Rs. 2,975 ($59.5) per sq ft

M INIMUM A REA 2BHK – 525 sq ft

E XPECTED C OMPLETION N.A.

F OR D ETAILS , CONTACT T: +91-11-4707-9900M: +91-98100-84344E: info@indianpropertyreview.com

IITL N IMBUS H YDE P ARK

A BOUT THE P ROJECT

IITL Nimbus Hyde Park is a joint venture of IITL and Nimbus group. It is anew residential complex, coming up in Noida. The plot is three sides openand is surrounded by greenery. IITL Nimbus Hyde Park offers 1BHK, 2BHKand 3BHK apartments to its residents. The complex is spread over an areaof 14 acres. The new residential complex will make good use of Vastu andsolar energy.

LOCATION

IITL Nimbus Hyde Park is an eco-friendly project and is located in sector

78, Noida. IITL Nimbus Hyde Park is just adjacent to sector 50, Noida.Metro station is only 2.5 kms away from the complex. There are manyshopping malls and banks in the close vicinity of the residential complex.One of the reputed schools, DPS, is just nearby. FNG is also nearby, i.e.only 2kms away from the location. We feel that the location is good andcan demand price appreciation in future.

F ACILITIES

The facilities to be provided by IITL Nimbus Hyde Park include swimming

pool, gym, kid’s play area, and sports facility. Apart from these facilities,other luxurious amenities provided by IITL Nimbus Hyde Park to itsresidents include steam and sauna bath, medical centre, ayurvedicmassage centre, yoga & meditation centre, and business centre. Thus, weare of the view that the residential complex will be enriched with all themodern facilities, which would help in improving the lifestyle of anindividual.

V ALUE FOR M ONEY

IITL Nimbus Hyde Park is offering its apartments at basic selling price of Rs. 2975 per sq.ft. Area ranges from 525 sq.ft. to 1750 sq.ft. So, the totalcost for one apartment would range from Rs. 19 lacs to Rs. 62 lacs,depending upon the choice of the apartment, viz 1BHK, 2BHK, and 3BHK.We believe that these are fair prices taking into account the eco friendlyfeatures, modern amenities and location advantages of the site. We are of the view that the apartments are suitable for the middle income group.

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T RACK R ECORD

Nimbus Group is engaged in various services. It is mainly engaged in thebusiness of real estate. It also provides real estates consultancy for SpecialPurpose Vehicle / Joint Venture / Collaboration in relation to integratedTownships, Group Housing, Multiplexes, Hotels, and Resorts. Variousresidential and commercial projects have been built in the name of Nimbus group. The group is making efficient use of its resources includingmen, material and machines to witness growth in all its fields.

Industrial Investment Trust Limited (IITL) was promoted in 1933 as aninvestment company. IITL provides expert advice to its shareholders oninvestment portfolio. The company’s main aim is to carry out its businessas an Investment Company and to invest in shares, stock, debentures andbonds. The Company is also engaged in the business of Private Equity andMargin Funding.

OVERALL

IITL Nimbus Hyde Park is one of the average projects coming up in Noida.The builders of the residential complex claim to offer modern and ecofriendly amenities to its residents. It may also have locational advantages

and modern & eco-friendly features, but the key will be its successfulcompletion on time.

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